BNP Paribas AM taps Jupiter for head of flexible and absolute return

Mark Richards joins

BNP Paribas Asset Management has appointed former Jupiter senior manager Mark Richards as head of flexible and absolute return within its multi-asset, quantitative and solutions (MAQS) investment division.

Based in London, Richards will be responsible for the performance of BNPP AM's flexible and absolute return funds, while ensuring the alignment of portfolios with the investment committee.  Reporting to Maya Bandhari, global head of multi-asset at BNP, he will also contribute to the development of the broader MAQS product range, which manages €135bn in assets, as it expands its offering.  BNP Paribas AM rejigs quant business leadership as it aims to 'accelerate growth' "His addition to the team will be invaluable as we expand our multi-asset capabilities and continue to deliver sus...